These Stocks Weren't Built to Survive Tariffs

The old Wall Street plan--own the giants, live off dividends--no longer works. The 2025 trade war shattered that world. Many "safe" income stocks are now at risk. But a smarter income strategy is emerging. See how to protect and grow your income in this new video.

African nations that faced steep Trump tariffs get some relief but mostly more uncertainty

GERALD IMRAY
April 10, 2025

CAPE TOWN, South Africa (AP) -- African nations that faced some of the steepest reciprocal tariffs from the Trump administration were given a moment of relief Thursday by the suspension of the duties, only for new uncertainties to hang over key businesses sending clothing and textiles, vanilla and fruit to the United States.

Lesotho, Madagascar and South Africa were threatened with some of the highest tariff rates under U.S. President Donald Trump's plan.

Lesotho, a tiny mountain kingdom, was stunned by the 50% duties that were due to come into effect Wednesday before Trump announced a 90-day pause on the levies. It was the second highest tariff rate after China.

"This will give us the opportunity to negotiate the reduction of tariffs so that the playing field is levelled," Lesotho Trade and Industry Minister Mokhethi Shelile said in response to the suspension. "It's a serious issue for us, but we are tackling it head-on."

Many like Lesotho had already sent trade delegations to Washington or were willing to negotiate, with some of their most important industries and tens of thousands of jobs hinging on the outcome.

Lesotho makes American clothing brands

Nearly half of Lesotho's 30,000 clothing and textile workers depend on jobs making apparel for American brands like Levi's, Nike, Reebok and others, which are exported to the U.S. Clothing and textiles is the biggest private employer in the country of just 2.3 million people.

Lesotho's most pressing problem is that regional competitors like Kenya and Eswatini had been assigned much lower tariffs for their exports -- some as much as 40% lower. Officials warned that the competitive disadvantage would likely shut down more than a dozen Lesotho factories and eliminate more than 12,000 jobs unless they can significantly reduce their 50% tariff rate in negotiations.

"The problem arises when countries like Eswatini receive a 10% tariff while we're hit with 50%. These are the very countries we compete against," Shelile said.

Lesotho's clothing industry had braced itself for the 50% tariffs this week, with some saying it was the sector's worst time since the COVID-19 pandemic.

"I don't fully understand what's happening, but I heard on the radio that our jobs are at risk," said machine operator Mareitumetse Lesia, who was on a lunch break during a nine-hour shift stitching together Levi's jeans in one factory. "I hope it's not true. I know what it's like to have nothing to eat."

The world's biggest vanilla producer

In Madagascar, which produces 80% of the world's vanilla, that industry "felt better" as soon as the tariffs suspension was confirmed, said Georges Geeraerts, the president of the Madagascar Vanilla Exporters Group. Madagascar had faced 47% duties on exports to the U.S.

But there were other complications. Exporters were now rushing their vanilla to the U.S. -- by far Madagascar's biggest market -- in the hope that it would arrive while tariffs are still suspended. Cargo ships take 70-90 days to reach the U.S. from the Indian Ocean island and exporters didn't know what duties might be imposed when the product got there given the abrupt changes in policy by the Trump administration.

"All our American customers have been asking us since this morning to load the vanilla onto the cargo ships, so that we can meet the deadlines," said one exporter, who spoke on condition of anonymity because they weren't authorized to speak publicly about the orders.

A 25-year-old trade agreement facing termination

South Africa's citrus industry said the original 30% tariffs for its country had threatened 35,000 jobs and the economies of entire towns that are geared to exporting oranges and other citrus fruits to the U.S. when they are out of season in North America.

The suspension of the reciprocal tariffs gave South Africa's biggest agricultural export "breathing space," said Citrus Growers' Association of Southern Africa CEO Boisthoko Ntshabele. But they also faced the new reality that the first citrus fruit of the year going to the U.S. this week from South Africa would be taxed at the 10% across the board tariff the U.S. has kept in place -- still a significant blow, though less severe than the 30% duties initially announced.

South African citrus had previously been given tariff-free access to the U.S. under the 25-year-old African Growth and Opportunity Act that benefits dozens of African nations. Many fear that agreement will not be renewed when it expires in September. South African Trade Minister Parks Tau said it would be "very difficult" to keep AGOA given the Trump administration's stance.

Ntshabele said South Africa's citrus growers were urging that their product be exempt from tariffs given they worked in tandem with U.S. farmers to provide fruit to American consumers at different times of the year.

"South African citrus growers do not directly threaten the jobs or incomes of citrus growers in places like California, Florida and Texas," Ntshabele said.

___

Associated Press writers Keketso Phakela in Maseru, Lesotho, and Sarah Tetaud in Antananarivo, Madagascar contributed to this report.

___

More AP news on the Trump administration: https://apnews.com/hub/donald-trump

Continue Reading...

Popular

IRS whistleblower on Hunter Biden is out as acting commissioner just days after getting the job

WASHINGTON (AP) — Just days after to acting IRS commissioner, the whistleblower who testified publicly about investigations into Hunter Biden’s taxes is out of the job, according to three people familiar with the decision.

Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during the market meltdown

NEW YORK (AP) — Give Marjorie Taylor Greene credit where it’s due: As stocks tanked on tariff fears, she showed her faith in the president not just with words but dollar bills.

Trump to Unlock 15-Figure Fortune for America (May 3rd)? - Ad

This map looks ordinary--but according to insider Jim Rickards, it reveals a hidden government asset so massive . Trump may soon unlock it--learn how to position yourself before it's too late!

Prince Harry appeals the loss of his UK security detail

LONDON (AP) — wants his British security detail restored and is taking his case to an appeals court.

Trump meets with the House GOP as his 'big' bill of tax breaks and spending cuts teeters

WASHINGTON (AP) — found himself in a familiar jam on Tuesday: Conservative Republican holdouts are stalling action on "big” bill of tax breaks and spending reductions, refusing to accept approved over the weekend because it doesn't cut enough.

Electric Aviation Stock With Tremendous Potential - Ad

The electric aviation market is just taking off, and this company is at the forefront. With significant revenue and strategic partnerships, this stock is poised to make a big impact.

DOGE trumpets unemployment fraud that government already found

NEW YORK (AP) — The latest government waste touted by billionaire Elon Musk's cost-cutting Department of Government Efficiency is hundreds of millions of dollars in fraudulent unemployment claims it purportedly uncovered.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Scholarships for child care are drying up. Now families are paying the price

PHOENIX (AP) — For parents who need to work but can't afford the steep , federally funded scholarships can be a lifeline. Delivered through state child care assistance programs, the scholarships can mean the difference between a parent working full time — or not at all.

US egg giant Cal-Maine says government is investigating price increases

Shares of Cal-Maine Foods, the largest U.S. egg producer, fell in after-hours trading Tuesday after the company acknowledged it is being investigated by the antitrust division of the U.S. Department of Justice.

Nvidia Is About to Shock the World: April 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: April 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Expect more fake eggs made of colored marshmallows or even potatoes on this year's Easter spread

MISSION, Kan. (AP) — With egg prices high, the internet has offered up a host of alternatives, with crafters painting rocks and influencers dyeing everything from marshmallows to potatoes.

Trump advisers say 50-plus countries have reached out for tariff talks with White House

FORT LAUDERDALE, Fla. (AP) — Top administration officials said Sunday that more than targeted by President Donald Trump's have reached out to begin negotiations over the sweeping import taxes that have sent , raised fears of a recession and upended the .

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Trump's China tariffs swing a sledgehammer at importers and cheap goods

WASHINGTON (AP) — Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational toy company from President Donald Trump’s on Chinese imports.

The Latest: China vows countermeasures over Trump tariffs as trade war threatens to intensify

China says it will and take countermeasures against the United States to safeguard its own interests after an additional 50% tariff on Chinese imports.

The Best Electric Aviation Stock to Keep an Eye On - Ad

Looking for the next big EV opportunity? The market is expanding rapidly, and one stock is standing out with its innovative approach and strong industry partnerships. Find out more about this potential game-changer.

PepsiCo agrees to meet with Al Sharpton over DEI cuts, potential boycott

Leaders at PepsiCo have agreed to meet this week with civil rights advocates from the National Action Network to discuss the company's recent decision to roll back some of its diversity, equity, and inclusion initiatives, the Reverend Al Sharpton said on Monday.

Arkansas bans pharmacy benefit managers from owning pharmacies in state

LITTLE ROCK, Ark. (AP) — Arkansas Gov. Sarah Huckabee Sanders signed legislation Wednesday prohibiting pharmacy benefit managers from owning or operating pharmacies, becoming the first state to enact such a restriction.

The Billionaire Bet That Could Reshape Uranium - Ad

Peter Thiel joins the nuclear race, backing a $50M uranium enrichment startup. One tiny uranium explorer could ride the wave.

Despite a court order, White House bars AP from Oval Office event

Despite a court order, a reporter and photographer from The Associated Press were barred from an Oval Office news conference on Monday with President Donald Trump and his counterpart from El Salvador, Nayib Bukele.

Apple Tops Global Smartphone Sales With 19% Share, Boosted By iPhone 16e, Emerging Market Growth

Apple tops global smartphone sales in Q1 with 19% share, helped by iPhone 16e launch and growth in emerging markets. Samsung follows with 18% share. Tariffs may impact market decline in 2025.

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

Recession? Not So Fast, Says IMF — Even After Trump Tariff Chaos

The IMF has expressed concern over escalating trade tensions sparked by new U.S. tariffs but emphasized that a global recession is not on the horizon.

Homebuilders Are Slashing Prices - But Only In Certain Markets

Thanks to years of aggressive construction during the post-pandemic housing boom, some builders are sitting on a glut of "spec homes."

Out of 23,281 Stocks... This Is the Only One - Ad

Out of 23,281 stocks, one stands out - wildly profitable, deeply undervalued. It generates $1B+ more cash than AMD, yet trades 20x cheaper. Backed by Trump and partnered with a top AI firm, this could be the stock to own now.

Dan Ives Cuts Tesla Target To $315, Slashes Apple By 23% Amid Tariff Fallout, Warns Elon Musk-Led EV Maker Faces 'Darker Days' Ahead

Wedbush Securities analyst Dan Ives has lowered his Tesla Inc. price target to $315 from $550 while maintaining an "outperform" rating, citing growing concerns about the electric vehicle maker's brand perception and softening demand.

Cloudflare Acquires Outerbase To Streamline AI App Development, 'Our Goal Is To Make It Easy And Accessible For Any Developer'

The move integrates Outerbase's user-friendly database tools with Cloudflare Workers, Durable Objects and the D1 database, helping developers manage backend data without deep SQL knowledge.

These Stocks Weren't Built to Survive Tariffs - Ad

The old Wall Street plan--own the giants, live off dividends--no longer works. The 2025 trade war shattered that world. Many "safe" income stocks are now at risk. But a smarter income strategy is emerging. See how to protect and grow your income in this new video.

Japan reports a $63 billion trade surplus with the US as it talks with Trump on tariffs

TOKYO (AP) — Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday.

Elon's Biggest Secret Could Save Your Retirement - Ad

From a near-fatal car crash to surviving deadly malaria, Musk's fearless drive built Tesla, SpaceX, and Starlink. Now, he's warning America--and smart investors are listening. Discover the Trump IRS Loophole to protect your IRA & 401(k).

Ripple's Crypto Warning, Circle's IPO Ambitions, And Bitcoin's Anticipated Surge: This Week In Crypto

The weekend saw major developments in the cryptocurrency world, including Ripple's concerns over the UK's crypto regulations, Circle's plans for a $5 billion IPO, Anthony Pompliano's praise for Trump's tariffs as a catalyst for crypto, and expectations of a Bitcoin price surge following potential monetary easing by the Fed.

Trump reaches deals with 5 law firms, allowing them to avoid prospect of punishing executive orders

WASHINGTON (AP) — announced deals Friday with five law firms that will allow them to avoid the prospect of a punishing executive order and require them to together provide hundreds of millions of dollars' worth of free legal services for causes his administration supports.

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Bitcoin 11% Away From Falling Below Strategy's Average Buying Price, But Michael Saylor's Confidence In Apex Crypto Remains Intact

Strategy Inc. (NASDAQ:MSTR) risked incurring unrealized losses on its Bitcoin (CRYPTO: BTC) purchases, yet co-founder Michael Saylor remains bullish on the apex cryptocurrency.

What's Going On With Starwood Property Trust Stock On Friday?

Starwood Property Trust affiliate Starwood Capital acquires $800M Texas housing portfolio from Hines.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

White House Updates Status On Mistaken Deportation To El Salvador

President Trump's administration has disclosed a wellness report for a Maryland man who was erroneously deported to El Salvador.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service